United Kingdom | Wednesday, 3 December 2008

Lending Articles

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1. Mortgage lending falls sharply in September
Gross mortgage lending fell 10 percent in September to the lowest level for any month since January 2005, hit by weak demand and the global financial crisis, Britain's Council of Mortgage Lenders said on Monday.
20 Oct 2008
2. Banks may avoid worst of household debt pain
Action taken by banks to rein in personal lending after a spike in bad debts two years ago could help them avoid crippling losses on consumer business as the economy nears recession and pressures on households increase.
20 Aug 2008
3. Mortgage lending at record low in June
The Bank of England released figures on Tuesday showing that June saw a new low in mortgage lending.
29 Jul 2008
4. Gross mortgage lending drops in June
The Council of Mortgage Lenders (CML) said on Friday that gross mortgage lending dropped three per cent in June to around £23.8 billion. The figure is 32 per cent lower than in June 2007.
18 Jul 2008
5. Mortgage lending up in May, but still low
The Council of Mortgage Lenders (CML) said on Tuesday that loans for house purchases increased slightly from April to May. The CML said loans increased four per cent in volume in the period to 52,700 and two per cent in value to £7.9 billion. However the CML noted that both were 44 per cent lower than May 2007.
08 Jul 2008
6. Mortgage approvals reach record low in May
The British Bankers Association (BBA) said on Tuesday that mortgage approvals for purchasing houses dropped 56.1 per cent on the year in May to 27,968, the lowest number on record.
24 Jun 2008
7. Mortgage lending could drop by half in 2008
Steve Crawshaw, chairman of the Council of Mortgage Lenders (CML) has said that without extra funding from the Bank of England, mortgage lending could fall by half in 2008.
07 Apr 2008
8. Balls pledges money for financial inclusion
Britain on Wednesday pledged new money to promote people's access to affordable credit and help protect them from illegal money lending.
14 Mar 2007
9. Asian shares slump on U.S. mortgages
Asian shares slumped on Wednesday, tracking heavy losses on Wall Street amid fears a crisis in U.S. mortgage lending is spreading to the wider economy.
14 Mar 2007
10. Mortgage approvals up but lending slows
Mortgage lending rose in January by its weakest amount in four months but approvals for new home loans rose, suggesting the housing market is not suffering unduly after three interest rate increases since August.
01 Mar 2007
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